In today's episode, We'll dive into a mixed day of trading heavily influenced by Nvidia's recent earnings report which slightly missed whisper numbers, causing a notable market reaction. Despite a brief pullback, the Dow Jones finished up 243 points, showing continued broadening in the market.

Don’t look back because the market is closed. Good Thursday afternoon, everyone. Kip Herriage here with the daily viewer investing podcast. Hope you had a good day today. Pretty good day in the market today. Lost a little bit of energy after Nvidia’s earnings last night. Let me tell you. First off, make sure tonight and watch a real America’s voice.

Tyler’s going to be interviewed by a great friend, Wayne Allen Root, tonight in the 10:00 eastern hour. Look forward to watching Tyler there. And we’ll post that tomorrow in our very letter as well, the interview itself. But again, good day today. Off the video, earnings. If you saw Nvidia’s earnings, they missed on the whisper numbers, which caused a little bit of downdraft in the stock. Again, the stock has rallied 20% off the lows of August 5. So it’s already had a big move higher.

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That’s where it says today, 20% off the lows. It did finish down today. The final trade here, the trade going down. The after down 6% at 1.118 a share. I hit a low of 116 of the day, a high of 124. The point being this stock’s already been beaten up. The semis have already had their bear market. I think that’s an important tell is something we’ll be watching.

I will be shocked at this. Absolutely shocked. Do not expect it. I’m making a call here. The semis had bottomed. That means the market’s in good shape. I think we’ll continue to have some consolidation here in the interim as we work off these overbought conditions. We also learned today the fear and greed index back to greed territory.

So investors have bought the diphthere that’s becoming a little more common now. And now we come into the month of getting ready to come into the month of September, which does have some net bearish seasonality to it in election years. Doesn’t mean the market’s got to go down in September. It just means it’s something to be aware of. Dow Jones today finished up 243 points, have been up as much as 440 points on the day, again rallying off those Nvidia numbers because I think the market realizes this market is broadening. This is not just about Nvidia anymore. This market is clearly broadening. We just said we had a great quarter, a second quarter earnings.

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We expect that to continue. Share buybacks are now back in an aggressive way. Nvidia also announced a share buyback of $50 billion worth of Nvidia shares. So we think this market is going to continue higher. Just a weird period that we’ve entered here because we argue we are overbought. Coming up off those overbought readings. And again, seasonality is not great here. But again, with the semis bottoming, that’s our call.

We are buying these dips. Get Dow Jones today finishing up six tenths to 1%. SB 500 actually flat on the day. Rust 2000 today up six tenths, 1%. That was actually our leader on the day. And Nasdaq today had been up as much as a couple hundred points. Did finish down 39 points on the day. And again, the semis today were up on the day about a half a percent.

Interesting. With Nvidia down that much, the semis did close higher. Take a look at our internals today. We had pretty good readings today for the internals. Even though the market gives a lot of its gains, the internal stayed solid throughout the day. Two to one advanced decline for Nyse. Also, two to one advanced decline on Nasdaq. A volume today solidly posited by 65% of volume day for NYSE and right around 63% for Nasdaq.

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We also had 407 stocks to a high to just 117, hitting a new 52 week low. Our sector watch today, we had also a pretty good day here. Seven sectors finished higher, four finished lower. Led the upsell by energy of 1.2%. Financials also up nine tenths of 1% to the downside. Technology down seven tenths of 1%. Not much else to speak of there in our commodity watch today. A good day here for commodities.

Again, gold is what, $15 from all time high up dollar 17 today at 25 55 an ounce. Silver also up seven cents. One percent today. Same as gold, by the way, up $0.19 an ounce at 29.81. Copper today, flat on the day at 421 a pound. Crude oil gaining back $1.42 a barrel, 1.9% at 75.60 barrel. And finally, of the day, bitcoin trading up eight tenths of 1% at 59,398. Again, we like the market, don’t love it here.

It’s a little overbought. Sentiment has gotten more bullish and more greedy. So we’ll move into September a little cautious on the very short term, but not at all for the medium and long term. We’re adding two positions on dips. Discipline sometimes is the smartest, and smart money approaches. We think that’s likely the case in the short term here. All right, folks, that’s it for today. Hope you had a great day, maybe a better night.

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We’ll see you back here again tomorrow after the close.